Propylene Price in Mexico

• Mexico: 964 USD/MT

 In December 2023, propylene prices in Mexico surged to 964 USD/MT for Q4. The country's economy faced challenges from elevated inflation and a manufacturing sector slowdown, which significantly influenced the chemical industry's operations.

The latest report by IMARC Group, titled "Propylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of propylene price trend. This report delves into the price of propylene globally, presenting a detailed analysis, along with informative propylene price chart. Through comprehensive propylene price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the propylene demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Propylene Prices December 2023:

• Mexico: 964 USD/MT
• South Korea: 801 USD/MT
• Germany: 833 USD/MT
• Saudi Arabia: 605 USD/MT

Report Offering:

• Monthly Updates: Annual Subscription
• Quarterly Updates: Annual Subscription
• Biannually Updates: Annual Subscription

The study delves into the factors affecting propylene price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/propylene-pricing-report/requestsample

Propylene Price Trend- Q4 2023

The propylene market is primarily driven by the demand for propylene derivatives, such as polypropylene, acrylonitrile, and propylene oxide, which is soaring due to their extensive use in automotive, construction, and packaging industries. Additionally, the market dynamics are influenced by regional economic shifts and trade policies that affect production costs and export-import activities. For instance, the increasing self-sufficiency of regions like North America in propylene production due to shale gas exploitation is reshaping global trade flows in the chemical sector. Thus, technological, economic, and regulatory factors collectively drive the propylene market, catering to growing industrial and consumer product demands. Moreover, burgeoning construction activities across developing nations are escalating the demand for propylene-based products used in construction materials.

Propylene Market Analysis

The global propylene market size reached 123.5 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 200.6 Million Tons, at a projected CAGR of 5.50% during 2023-2032. In March 2024, several key factors influenced methanol prices, creating a diverse market landscape across different regions. Initially, methanol prices have been influenced by a complex interplay of global supply dynamics, feedstock availability, and economic policy changes, which collectively shape market behaviors and pricing trends. Initially, the primary factor has been the volatility in natural gas prices, which are a critical feedstock for methanol production. Along with this, North America witnessed a significant surge in Propylene prices during the first quarter of 2024, driven by supply constraints and disruptions in the region. Concurrently, the region experiences maintenance shutdowns and technical issues in propylene plants, leading to a tightening of supply and exacerbating the scarcity of propylene in the market.

Apart from this, the APAC region saw a balanced to bullish market sentiment for Propylene prices. The market remained stable, but moderate to high supply and demand dynamics gradually increased prices. Factors such as surging energy costs and plant shutdowns, like Hyosung Corporation's Ulsan plant in South Korea, disrupted supply and impacted prices. South Korea experienced steady demand, maintaining the pricing trend, with temporary increases in demand during February due to post-holiday festivities. Along with this, South Korea experienced steady demand, maintaining the pricing trend, with temporary increases in demand during February due to post-holiday festivities. The quarter showed a balanced pricing trend, with a slight increase in the first half and stability in the second half.

Key Points Covered in the Propylene Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Propylene Prices
• Propylene Price Trend
• Propylene Demand & Supply
• Propylene Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Propylene Price Analysis
• Propylene Industry Drivers, Restraints, and Opportunities
• Propylene News and Recent developments
• Global Event Analysis
• List of Key Players

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Browse More Pricing Reports By IMARC Group:

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 Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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